Apply on Employer Site

M&F Bank NC · 6 days ago

Collections Specialist

Durham, NC

Full-time

Onsite

New Grad, Entry Level

M&F Bank NC is seeking a Collections Specialist to manage collection activities for delinquent debts. The role involves communicating with customers to establish repayment methods and ensuring compliance with banking regulations.

BankingFinanceFinancial Services

Responsibilities

Assure adherence to all of the policies set forth by management, and to comply with the regulations and guidelines of all state and federal regulatory authorities as related to credit and collections

Distribute listing of delinquent loans by officer approval code to the respective loan officers, and to work effectively with them during the initial efforts to collect past due loans

Communicate regularly and effectively with management, keeping them informed and participating in decisions related to: Valuation of potential loan losses for reserve purpose in accordance with Bank guidelines, The repossession of collateral on delinquent loans as prescribed by management policy, The strategy and procedure for handling Chapters 7, 11, and 13 bankruptcies

Plan, coordinate and handle the repossession of collateral as determined necessary, and to liquidate such collateral in the manner determined most appropriate

Attend bankruptcy hearings as determined necessary, in order to protect the interest of the Bank

Prepare accurate and timely problem loan reports

Prepare timely and accurate weekly and monthly reports for management, to include listings of classified loans, recoveries on pas charge off loans, and current recommendations on loans to be charged off

Support the renewal, refinance, and modification of loans currently in the Bank’s portfolio

Participate in and lead bank meetings dealing with collection items

Qualification

NMLS registrationBanking regulationsCollection experienceMulti-taskingCommunication skillsAttention to detailInterpersonal skills

Required

High School or GED required

Basic math calculations

NMLS registration

Knowledge of state and federal banking loan regulations, to include Fair Lending

Must have excellent oral and written communication skills

Attention to detail

Team player with strong interpersonal skills

Must be a quick learner and have the ability to multi-task

Preferred

Previous collection experience

Company

M&F Bank NC

An independent bank committed to meeting the financial services needs of the communities we serve. Member FDIC. Equal Housing Lender #empoweringgrowth

Founded in 1907